Baxter International Inc. Stock Underperforms Friday When Compared To Competitors

PPG Industries Inc

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Company profile

PPG Industries, Inc. manufactures and distributes a range of paints, coatings, and specialty materials. The Company operates through two segments: Performance Coatings and Industrial Coatings. The Performance Coatings segment primarily supplies a range of protective and decorative coatings, sealants and finishes along with pavement marking products, paint strippers, stains, and related chemicals, as well as transparencies and transparent armor. The Industrial Coatings segment primarily supplies a range of protective and decorative coatings and finishes along with adhesives, sealants, metal pretreatment products, optical monomers and coatings, low-friction coatings, precipitated silicas, and other specialty materials. Its Performance Coatings brands include PPG, GLIDDEN, COMEX, OLYMPIC, DULUX, SIGMA, HISTOR, SEIGNEURIE, PEINTURES GAUTHIER, and JOHNSTONE'S, among others. Its Industrial Coatings brands include PPG and TESLIN. It supplies its products to customers in an array of end-uses.

Baxter International Inc. Stock Underperforms Friday When Compared To Competitors

4:40 pm ET March 10, 2023 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Baxter International Inc. (BAX) shed 2.49% to $38.02 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.45% to 3,861.59 and Dow Jones Industrial Average falling 1.07% to 31,909.64. This was the stock's second consecutive day of losses. Baxter International Inc. closed $42.70 short of its 52-week high ($80.72), which the company reached on March 29th.

The stock underperformed when compared to some of its competitors Friday, as Medtronic PLC (MDT) fell 1.64% to $76.72, Stryker Corp. (SYK) fell 1.36% to $264.69, and Becton Dickinson & Co. (BDX) fell 1.09% to $229.71. Trading volume (5.8 M) remained 407,748 below its 50-day average volume of 6.2 M.

Data source: Dow Jones Market Data, FactSet. Data compiled March 10, 2023.

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

March 10, 2023 16:40 ET (21:40 GMT)